Why is the demand for most goods more inelastic in the short run than in the long run?

QUESTION 1 20 16 12 8 4 P S 0 D 0 4 8 12 16 20 24 01. What is the "own price elasticity of demand" between price = $10 and price = $6 a) 1 b) 2/3 c) 3/2 d) 2/5 e) 5/2

Price​​     Quantity ​​​$20​​       12 ​​​$18​​       17 ​​​$16​​       20 ​​​$14​​       24 ​​​$12​​       30 ​​​$10​​       36 ​​​$ 8​​        40 ​​​$ 6​​        44 ​​​$ 4​​        48 Using the above table, over which range is the price elasticity of demand Unitary?

Grilled cheese sandwiches are $4, and the quantity demanded is 60. When the price falls to $3/sandwich, the quantity demanded rises to 80. What is the price elasticity of grilled cheese sandwiches? Widgets are $3, and the quantity demanded is 200. When the price of widgets rises to $5, the quantity demanded falls to 100. What is the price elasticity of demand for widgets? Coffee is $1 per cup, and the quantity demanded is 500. The price of coffee rises to $1.25 per cup, and the quantity demanded falls to 400. What is the price elasticity of demand for cups of coffee?

Answer all parts please...

If the price elasticity of demand for a good is 8, then if the price decreased by 6 percent, what would happen to the quantity demand?            Table 1 Price Quantity $100 0 $80 10 $60 20 $40 30 $20 40 $0 50

When the price of a good is $6, the quantity demanded is 50 units per month; when the price is $8, the quantity demanded is 30 units per month. Find the arc price elasticity of demand for this good and comment on it.

#4 Determining the price elasticity of demand of a product involves all of the following factors, but NOT the total number of firms in a market.   the availability of substitutes to the product.   whether the product is a luxury or a necessity.

If the price of product X increases from $10 to $12, the quantity demanded for gasoline (X) will fall from 100 to 82 and the quantity demanded for product Y also falls from 90 to 63 but the quantity demanded product Z will increase from 50 to 76. a.What is the price elasticity of demand for X?b.What is cross-price elasticity of demand for Ywith respect to price X? What are X and Y?c.What is cross-price elasticity of demand for Zwith respect to price X? What are X and Z?

The following table contains a monthly demand and supply schedule for large, single- topping, carry-out pizza Pizza Price  (per pack) Quantity demanded for pizza (per pack) Quantity supplied for pizza (per pack)  Quantity demanded for good Y $21 6000 7900 6000 $19 7000 7200 8000 $17 8000 6500 10000   (A) Calculate the price elasticity Of demand (PED) for good X when price fall from S 19 to $ 17.    (B) Suppose you are the sellers of pizza based on the value of PED obtained In your answer for  Question(A), would you or would you not raise the price of pizza? Why?    (C)What S the cross elasbcity of demand (CED) of Good Y when price of carry-out pizza fall from $19 to S17? How is pizza and the Good Y related?